How do retail investors get liquidated? Why are there more people losing money in a bull market?

This friend of mine is a typical representative: high leverage! High deposit! Always 100 times, opening a position with 100 USDT and using 1000 USDT as a deposit, euphemistically called resisting fluctuations!

Then he won 9 times, making a little money, but lost once and everything was gone!

When I started trading contracts in 2019, I also went through this, relying on my ability to analyze the market, I leveraged 100 times and made 30 times profit within a week, but lost it all in 15 minutes!

This friend still trusts me a bit, listened to my advice to stop loss, went long on BTC, and has made back some of his losses.

But many crypto friends don’t listen to advice, and even when they are down -600%, they still ask me what to do? I'm not a deity or a market maker! Like a gambler blinded by luck, the more they bet, the more they refuse to stop loss, and in the end, everything is wiped out in one final wave.

Trading contracts requires considering the risk-reward ratio, reducing the number of openings, waiting for the right opportunity to enter, lowering the leverage, and setting proper take profit and stop loss. The best scenario is to lose 3 times but make back everything with one win.

In a bull market, opportunities are everywhere, and the most important thing is to protect your capital. I hope all crypto friends who love trading contracts can gain something from this!